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There is Women There is Growth In Business Life

TopicalThere is Women There is Growth In Business Life

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There is Women There is Growth In Business Life
There is Women There is Growth In Business Life

According to McKinsey & Company’s research women attendancy to work force rate in Turkey is 33%. In gender equality, Turkey is ranked as the 130th  among 144 countries.

Women’s place and importance in social life is constantly brought up to the agenda in Turkey as an indicator of development. Even though they have the same constituonal rights with men and form almost half of the population, (49,8%) women face with serious problems in attending to social life. As a part of economy and production, women’s place in business life reveals some interesting facts.

Performing ‘Women Matter’ research in North America, Europe, Latin America and Asia for 10 years, McKinsey & Company made ‘Women Matter Türkiye 2016’ report with the partnership of TÜSİAD in Turkey for the first time. This report evaluated women’s attendancy to work force and its potential. Containing 240 thousand white collar workers in Turkey from 102 local and international companies from leading 11 various sectors, this research brings out women’s attendancy to work force and potential. According to the research, in the global economy; the level of 12-28 trillion dollars of a big growth may occur in 2025 with  the increase of women’s joining to work force.

Turkey is in very back of the list; in terms of gender equality (access to health, education services, attendance to economical activites and politics with  equal of opportunities)it is ranked as the 130th among 144 countries. In Turkey the rate of women’s attendancy to work force (between 15-64 ages) is confirmed as 33%, this rate is the lowest among OECD countries. With the help of strong politics that increase women’s attendance to work force up to 63%, Turkey’s national income (GSYİH)  has the potential to grow 20% in 2025.

Women Managers Bring Success

In Women Matter research, it is stated that women’s attendance to work force is a significant growing opportunity for both world’s and Turkey’s economy. It is stressed that women’s increasing in firms and their raising to leading positions develop firm’s performance and culture. Women’s given part in firms’ administrative teams can contribute to these companies’ financial performance positively. In an administration where women are given place, the average shareholders’ equity profit is 22% whereas in an administration with no women, this profit is determined as 15%.

In Turkey, women firms half of the qualified people source. With 2014-2015 data, the rate of women among higher education graduates in Turkey is thusly; college 49%, master’s degree 45% and doctorate 46%. In the report it is remarked that having a stabled ratio of woman employees in a firm is beneficial in terms of firm’s being customer-oriented. The rate of buying decision’s making/affecting by women in sectors is ranked thusly; furniture and home decoration 94%, vacation 92%, real estate 91%, automotive 60% consumer electronics 51%.

Women Matter Türkiye 2016 research shows  that Turkey; just like the other countries; has some areas on women’s representation and leadership that need to be improved. Women representation rate in Turkey’s leader companies is a litte under its international examples. While this rate is 53% in USA, it is 41% in Turkey. Also the rate of women’s representation gets lower as it escalates to the administrative level. 15% of general managers, 25% of high administration and 42% of entry level workers consist of women.

Women’s Power According to TÜİK Data

It is recognized that Woman Matter report is based on Turkey’s leading 192 firms; and many information stated can actually be much lower in terms of Turkey’s majority. According to TÜİK’s ‘Women with Statistics 2015’ research; 49,8% of the country’s population consists of women which means 39 million 220 thousand 862. In that sense, it is found out that the illiteracy rate of women is 9,2%; which is 5 times higher than men’s. As TÜİK data says, women’s rate of attendance to work force is 26,7% which is the half of men’s rate. Aside from that, educated women’s rate of attendance to work force is higher with 30,3% rate.

The researches also reveal that women with any educational status get lower payment than men. Women with higher education diploma get 1,3% percent lower payment than men in similar positions. In highshcool and lower education cases this rate rises up to 1,8%. According to Family and Social Politics Ministry’s findings; every 4 women out of 10 are violated physically from their husbands or people they live with.

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